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The cartel decided last month to keep its 12 members' production quotas steady, in a move that accelerated the oil price drop.
This is not a novel idea: It was the key reason Walmart got into the grocery business in the 1980s, a move that accelerated its shift from a regional chain into the world's largest physical retailer.
The group decided in November not to cut its production target in order to keep its market share against a backdrop of rising supplies from non-Opec nations, a move that accelerated the fall in oil prices at the end of 2014.
CAIRO — Iran's president ordered his atomic scientists on Sunday to begin enriching their stockpile of uranium in order to power a medical reactor, a move that accelerated Iran's brinkmanship over its nuclear program by moving the country closer to producing weapons-grade fuel.
Conte has alleged that Smith encouraged Graham, who was based in Raleigh, North Carolina, to send a syringe with traces of the designer anabolic steroid THG to the United States Anti-Doping Agency in 2003, a move that accelerated the US government's ongoing investigation into the San Francisco-based company.
Others might be inspired or compelled to follow suit, which would have an enormous impact on the U.S. economy, one comparable to Henry Ford's 1914 decision to more than double the minimum pay of his workers, to $5 a day — a move that accelerated the expansion of the middle class.
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Carleton Fiorina Carleton Fiorina, chairwoman and chief executive of HP, defended the deal with the usual palaver about synergies: "This is a decisive move that accelerates our strategy and positions us to win by offering even greater value to our customers and partners," she said.
GE Capital announced a deal last month to buy the bulk of MetLife's retail bank deposits business, a move that could accelerate the creation of a standalone deposit business.
Ford, which lost $12.7 billion last year, is giving up its unprofitable sales to rental car companies, a move that will accelerate its decline in market share.
It would also unravel the labyrinthine cross-holdings that have bound together German banks and insurance companies, a move that could accelerate the pace of corporate change in Europe's biggest economy.
OJI PAPER CO., -- Tokyo, Japan's biggest papermaker, said it would set up a sales venture in July 2001 with three of its affiliates, a move that could accelerate consolidation in the Japanese cardboard business.
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